Adani Capital is a non-banking financial company (NBFC) and is a part of Adani Group that focuses on providing funding services to small and medium enterprises. Adani capital promotes and helps in rural development by offering lending services to people living in rural areas. The NBFC also provides wholesale lending services catering to infrastructure, corporate and real estate financing. Interest rate offered by Adani Capital depends on the applicant’s profile and loan requirements.
Adani Capital Business Loan Interest Rates 2021
| Category/Loan Type | Secured Business Loan | Unsecured Business Loan |
| Interest Rate | Depends on loan requirements | Depends on loan requirements |
| Min. Loan Amount | Rs. 3 lakh | Rs. 1 lakh |
| Max. Loan Amount | Rs. 25 lakh | Rs. 5 lakh |
| Repayment Tenure | From 12 months – 60 months | From 12 months – 36 months |
Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank, NBFC and RBI. GST and service tax shall be levied extra on the mentioned charges.
Check – What is the Current Interest Rate on Small Business Loan?
Eligibility Criteria to Apply for Business Loan
- Minimum Age: 25 years at time of loan application
- Maximum Age: 65 years at time of loan maturity
- Business Existence: Minimum 3 years
- Minimum Sales Turnover: Services – Rs. 12 lakh, Manufacturing – Rs. 15 lakh and Trading – Rs. 18 lakh
Also Read: How to get a business loan in India without security?
Documents Required for Loan Application
- Age proof: Passport, Driving License, Voter’s ID card
- Identity Proof: Aadhar Card, Passport, Voter’s ID card
- Address Proof: Passport, PAN Card, Driving License, Voter’s ID card, Aadhar Card, Utility Bills and Ration Card
- Income Proof: ITR, Bank Statement, Balance Sheet and P&L
Equipment Finance
Equipment Finance loan can be availed by farmer/individual owning agriculture land or is involved in livestock and agriculture activities.
| Adani Capital Equipment Finance – Eligibility and Features | |
| Age Criteria | Min. 18 years & Max. 65 years |
| Funding | Up to 90% |
| Repayment tenure | Up to 7 years Monthly, Quarter, Half yearly and structured based on cropping pattern |
| Income Proof | To support repayment of loan – Min. land holding of 2 acres based on crops cultivated |
Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank, NBFC and RBI. GST and service tax shall be levied extra on the mentioned charges.
Documents Required for Equipment Finance
- Proof of Agri land 7/12 or Utara
- Identity Proof: Passport, Voter’s ID card, PAN card, Driving License, Aadhar Card, Utility Bills, Ration Card
- Last years’ ITR
- Last 3 months’ bank statement
- Any tractor or commercial vehicle – Last 12 months’ track record
- Relevant driving license with validity of 3 years
Read Also: What is Mudra Loan in India
Small Commercial Vehicle Loan
Vehicles weighing less than five tonnes of Gross Vehicle Mass (GVM) are categorized under Small Commercial Vehicles. Small commercial vehicles play an important role in the logistics by supplying goods. The cycle includes goods supplied from farm – mandi – processors – factory – distributors and finally to retailers.
Small Commercial Vehicle loans can be availed by the following entities:
- Prior owners of vehicles with repayment track record
- Captive users with or without ITRs
- Market load operators
| Small Commercial Vehicle Loan – Features & Eligibility Criteria | |
| Funding | Up to 90% |
| Repayment Tenure | Up to 48 months |
| Valid Driving License | Required |
| Property Proof of | Agri land, Commercial, Residential property |
| Min. outflows amount | Rs. 30,000 |
| Residence stability proof | Copy of Voter’s ID card, Ration card, Driving License |
Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank, NBFC and RBI. GST and service tax shall be levied extra on the mentioned charges.
Documents Required
- Income Tax Return
- Bank Statements
- KYC Documents
- Property Proof
- Valid Driving License copy of driver
Also Know: Documents required to avail the Pradhan Mantri Mudra Loan
3 Wheeler Loan
3 Wheeler vehicles are considered as favourite mode of transportation for people travelling locally or inter-city. 3 Wheelers are majorly used to cover small distances in less time. These vehicles require less maintenance and are economical to purchase. 3 Wheeler loans can be availed by the same entities as stated above for small commercial vehicle loan, the documents required are also same as small commercial loan.
| Small Commercial Vehicle Loan – Features & Eligibility Criteria | |
| Funding | Up to 85% |
| Repayment Tenure | Up to 48 months |
| Valid Driving License | Required |
| RC Copy of prior commercial vehicle | In the name of applicant/co-applicant |
| Property Proof | Agri land, Commercial, Residential property |
| Residence stability proof | Copy of Voter’s ID card, Ration card, Driving License |
Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank, NBFC and RBI. GST and service tax shall be levied extra on the mentioned charges.
FAQs
Q1. What is the age criterion to apply for a business loan from Adani Capital?
Minimum age required to apply for a business loan is 25 years at time of loan application and maximum is 65 years at time of loan maturity. However, if an applicant wants to avail equipment finance, he/she can apply at the age of 18 years.
Q2. What is the loan amount that I can take if I want to start a business?
The minimum loan amount offered is Rs. 1 lakh and maximum loan amount offered by Adani Capital is Rs. 25 lakh that can be used for business purposes.
Q3. What are the various types of loans offered by Adani capital?
The types of loans offered are business loans, vendor finance, dealer/distributor finance, and loans for the purchase of farm equipment, small commercial vehicles and 3 wheelers.
Q4. What is the maximum repayment period of loans offered by Adani Capital?
The maximum loan repayment period is up to 7 years that is offered under Equipment Finance by Adani Capital.
